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New York State highlights sound ways to use your tax refund

March 30, 2016 The New York State Department of Taxation and Finance, and the New York Department of State’s Division of Consumer Protection, are highlighting five ways that the seven million New Yorkers who receive tax refunds can make smart decisions with their money. Save–Use your tax refund to bolster your emergency savings. This could […]

Tutorial on the basics of South Carolina taxation

The South Carolina Department of Revenue has published on its website a basic tutorial on South Carolina taxation.  For the do it your selfer or those new to South Carolina taxation, this could be a very useful tool to help you complete your tax return. The tutorial can be found here Of course, for those […]

How to choose a tax preparer

March 22, 2016 Although we are located in South Carolina, we prepare tax returns for clients all across the country including the state of New York. For the past few weeks, the state of New York has been on a bit of a tear locking up rogue tax preparers, as have many other jurisdictions including […]

What to Do if You Don’t Receive Your Health Care Information Form

March 8, 2016 This year, you may receive one or more forms that provide information about your 2015 health coverage; these forms are 1095-A, 1095-B and 1095-C. The IRS does not issue these forms and cannot provide you with a copy of any of these forms. This tip provides guidance about what you should do […]

IRS releases refunds

February 8, 2016 We have been informed that the IRS has released significant funding for tax refunds with an effective date of Wednesday February 10, 2016. This is good news for those of you waiting on a federal refund.  According to previously issued statements by the IRS, 90% of you will have good news waiting […]

What to expect for tax refunds in 2016

January 28, 2016 We are receiving inquiries regarding how long it will take to receive tax refunds this year due to extra scrutiny the IRS is performing to prevent fraudulent tax refunds.  This morning the IRS issued the following notice. WASHINGTON — The Internal Revenue Service today reminded taxpayers that it issues 90 percent of […]

South Carolina flood delayed returns are due soon

January 15 2016 South Carolina taxpayers impacted by the October 2015 floods were offered an extension for returns and payments due between October 1, 2015 and February 16, 2016. The February 16 deadline is approaching. Flood related disaster information may be found on the South Carolina Department of Revenue web site Please feel free to […]

The Individual Shared Responsibility Provision & Your Tax Return

January 6, 2016 The Affordable Care Act requires you, your spouse and your dependents to have qualifying health care coverage for each month of the year, qualify for a health coverage exemption, or make an Individual Shared Responsibility Payment when filing your federal income tax return.   If you had coverage for all of 2015, you […]

IRS Identity Protection PIN letters have an incorrect year listed

January 6, 2016 The IRS has issued the following communication and has asked us to share it with our followers. Due to an error, taxpayers are receiving Identity Protection PIN letters with an incorrect year listed. Taxpayers and tax professionals should be advised the IP PIN listed on the CP 01A Notice dated January 4, […]

Seven Steps for Making Identity Protection Part of Your Routine

December 7, 2015 The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important to always be on guard. The IRS has teamed up with state revenue departments and the tax industry to make sure you […]